As part of the incentive package, the county agreed to waive hotel-motel taxes for 15 years and Ad Valorem tax for 10 years. Commissioners also voted to refrain from taking sales tax out of water park tickets for a decade.

The commissioners decided on an initial 35-year ground lease with a 35-year renewal option of $25,000 yearly for every year that the hotel net income exceeds $500,000.

The water park developer, Innovative Leisure Partners, is to pay an annual ground lease of $15,000 on a 35-year lease with a 35-year renewal option.

The lease amounts would be adjusted based on inflation.

The hotel developer, Pate Developer, is to include at least 3,000 square feet of conference space and refurbish 8,000 square feet of conference space within the Ford Park facilities.